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Business

‘Let Me Finish!’: CNBC Segment Devolves Into Heated Argument Between Analysts

Mar. 22, 2013 2:37pm Becket Adams

Now although it’s not uncommon to see CNBC’s Rick Santelli and Steve Liesman get into a heated shouting match on live television, the following exchange between the two notoriously opinionated analysts probably would’ve come to blows were it not for the fact that they’re separated by several cities:

What are they even arguing about? As it turns out, the two had a rather serious disagreement over “whether normalization of interest rates will have a catastrophic impact on global markets,” as CNBC explains.

Apparently they feel very strongly about interest rates.

Of course, Friday’s shout fest was about more than that. As noted in the above, the two regularly disagree on major economic issues and the two regularly have it out with each other on live television.

In fact, watching the “messy marriage” that is the relationship between Liesman and Santelli, as CNBC host Joe Kernen puts it, has become something of a pastime for many CNBC viewers.

We just can’t help but watch.

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Comments (33)

icarenough
Posted on March 24, 2013 at 9:19am
I’ll never forget when Erin Burnette (who is now on CNN) asked, with the debt clock rolling behind her, says “is that for real or is that in animation?” That’s about the mentality of the people on CNBC. We all know they’re carrying obozo’s water. Trying to make the economy look as good as possible. Other than Santilli, I think they’re all a bunch of morons.

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spinelessdave
Posted on March 23, 2013 at 8:58pm
big bald turd

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turbo
Posted on March 22, 2013 at 11:53pm
Rick Santelli is normal America, or what it once was. Liesman is Obama and corrupt media.
Santelli speaks common sense truth, Liesman never listens, constantly interrupts to get in his talking points.

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- PoleSitter
  Posted on March 23, 2013 at 3:05am
  The basic point, as I understand it, is that Mortgage RATES drive home prices. When Mortgage rates are low, say 3%, the a family making $60K/year can afford a $1050 monthly payment on a $250,000 home. However, when the rates go to 7%, that same monthly payment jumps to $1667. Can’t afford it? Buy a cheaper home… and when everyone buys a house that they can “afford” at $1050 a month… at 7%… that home cost $160,000…
  
  If you believe that people “buy a home they can afford” then higher interest rates mean people will be forced to buy less expensive homes… and that will drive home prices down… which lowers your Line of Credit – and – Net Worth.
  
  KEEP THE RATES LOW and the PRICES HIGH!
  
  Report this comment
- E.Z. Las Vegas
  Posted on March 23, 2013 at 1:40pm
  Polesitter:
  
  I’m not sure whether or not you are being serious. The reason I’m not sure is that the scenario you describe is precisely what caused the 2007 housing bubble that highlighted the current financial situation. Inflating prices beyond value is roughly equivalent to a ponzi scheme.
  
  Of course the other problem is that banks will not lend at 3%. Why work that hard and risk defaulting buyers, when you can get as much interest lending to the government in one quick transaction, with “no risk”.
  
  And the Obama government loves it because borrowing at low interest makes 16.7 trillion in debt appear to not be a “debt crisis”, even though the debt bubble now makes the housing bubble look like a boil on the seat of the Republic.
  
  Report this comment
Buddyholly
Posted on March 22, 2013 at 9:05pm
Santelli needs to move to a real financial news network that actually repots TRUTH!

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Proverbs17-12NLT
Posted on March 22, 2013 at 8:28pm
people still watch CNBC? wow what a waste of money and time. It’s so easy to manipulate dumb down democrats these days.

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oxycontinxx
Posted on March 22, 2013 at 8:21pm
when comparing liesman and santelli……………..liesman is a rank amateur and santelli is the real pro

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David-FL
Posted on March 22, 2013 at 6:19pm
That was hardly worth the view.

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- SunTzuYou
  Posted on March 22, 2013 at 7:14pm
  @David-FL
  Are you talking about analysts yelling at each other, the impact of interest rates moving higher compared to asset values, or other? I’m not sure I know what you mean, or what you are looking for that makes it worth viewing? Thank you
  
  Report this comment
SunTzuYou
Posted on March 22, 2013 at 5:53pm
Too bad he was cut off this was very interesting (if I understand “normalization”). With everyone getting comfy with low interest rates and the Fed loading up with mortgage backed securities, etc. If the durations are long and rates low, if market interest rates go up (who knows what normal is) there will be a huge adjustment in values. The commodity market is dinky compare to money markets, and investors, including the Fed now, will get crushed, I mean crushed. This is how we handle deficits in the U.S.

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garbagecanlogic
Posted on March 22, 2013 at 5:34pm
The only time I see these guys in on The Blaze. Don’t belive Santelli can carry on a conversation without screaming.

Praise Be To Obama. Psalm 109:8

The U.N. Out Of The U.S.
The U.S. Out Of The U.N.

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Wigglesworth
Posted on March 22, 2013 at 5:17pm
If you watch CNBC you would think the country is in the middle of an economic boom with 4% GPD growth and 5% unemployment.

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Steve28
Posted on March 22, 2013 at 4:59pm
Steve spent to much time in Russia I think. He loves easy money and does not see the danger of this policy.

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Chromo200
Posted on March 22, 2013 at 4:50pm
Don’t watch CNBC .. It is an NBC company which means slanted news and a mouth piece for the president.

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- Jrocks
  Posted on March 22, 2013 at 5:06pm
  Couldnt have said it any better.
  
  Report this comment
benstigelman
Posted on March 22, 2013 at 4:29pm
I cannot stand Steve Liesman. I think alot of Joe and Rick. Fire Liesman!!!!!

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- upeopleneedtogetalife
  Posted on March 22, 2013 at 8:38pm
  Is it because he’s Jewish?
  
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- Duke One
  Posted on March 23, 2013 at 12:12pm
  No. It’s because he’s stupid like you.
  
  Report this comment
Cavallo
Posted on March 22, 2013 at 4:14pm
Rick, if they’re not going to let you talk, why bother? Make a show of playing Angry Birds on your I-Phone. Otherwise we might as well be treated to a just audio of a chicken house during feeding time.

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Al J Zira
Posted on March 22, 2013 at 4:02pm
In fact, watching the “messy marriage” that is the relationship between Liesman and Santelli, as CNBC host Joe Kernen puts it, has become something of a pastime for many CNBC viewers.

In other words, this is all done for show and to boost miserable ratings.

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- Caniac Steve
  Posted on March 22, 2013 at 4:19pm
  but you notice that they have never been able to prove Santelli wrong have they ? That’s why the panel like all good progressives talk down as they don’t have the facts to dispute him…
  
  Report this comment
steve-in-pa
Posted on March 22, 2013 at 4:00pm
Steve Liesman is CNBC’s head Gunga Din for the 0bama administration’s so called economic policies. I wish Rick would go to Fox Business and they would get rid of Imus (mumbles) in the morning. I get sick of some of the communists… I mean guests CNBC has on some mornings. Rendell and Howard Dean are prime examples of useless guests that just spew their liberal policies and say nothing worthwhile about economics. Oh yeah… Jim Cramer is another idiot that makes me change the channel the second I hear his voice.

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redbone007
Posted on March 22, 2013 at 3:34pm
Did anyone know that we will be paying for Jimmy Fallon Tonight show. Dheck it out: Tentative state budget includes ‘Jimmy Fallon’ tax credit to lure ‘The Tonight Show’ back to New York, no Jay Leno, please!

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- LEFT_NY_4_GOOD
  Posted on March 22, 2013 at 3:58pm
  That’s why my name is what it is, NY SUX. The taxes I mean, the people are fine they just put idiots in office. Have fun with DEM property taxes
  
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Puckrock
Posted on March 22, 2013 at 3:26pm
Liesman is a complete tool and never lets Santelli finish, EVER. And the liberal tools on the set sit there with there thumbs up their arses.

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- michael48
  Posted on March 22, 2013 at 3:48pm
  100% agree…Nothing But Crap TV…if it wasn’t for Joe and Rick , wouldn’t even surf by…but even with that …can only stand …LIMITED..exposure to the oBlamo lap dogs…
  
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spirited
Posted on March 22, 2013 at 3:24pm
CNBC obviously didn’t want anyone to hear what being said.

Gotta use up the segment’s air-time:
“inaudible…, never finish…ya, he never …finish…laugh, … ya, Happy Friday”

~>News that can’t be stated or discussed –but is refuted with dismissal. Nice!

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cast
Posted on March 22, 2013 at 3:10pm
When people start shouting over each other i turn the tv off because you get nothing out of it. Who watches CNBC anyway?

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Watcher1952
Posted on March 22, 2013 at 2:48pm
Condecending Pukes the both of them….actually even the people in the background were chiming in…..

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Rowgue
Posted on March 22, 2013 at 2:46pm
What’s CNBC and who are these people I’m supposed to care about?

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- elrond3737
  Posted on March 22, 2013 at 3:52pm
  Rick Santelli is awesome. He knows his stuff and many consider him to be the father of the modern tea party…not totally true but he was the first one to throw the tea in the harbor so to speak.
  
  Report this comment
IMCHRISTIAN
Posted on March 22, 2013 at 2:46pm
I want the truth in news but I do not like to watch where all the news has turn to talking over each other or we never find out the truth for all the rhetoric.

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